Hedge Funds Slam ‘Enormous Burden’ of New ESG Requirements (2)

Hedge funds are seizing the rising tide of opposition to European ESG rules as an opportunity to seek exemptions from some environmental, social and governance reporting requirements.

At issue is whether alternative investment managers should have to disclose ESG data on assets they invest in on behalf of their clients, under the European Union’s Corporate Sustainability Reporting Directive. CSRD, which is designed to apply to all sectors, is currently the subject of intense debate as Germany and France seek to limit its scope. The EU’s financial services commissioner, Maria Luis Albuquerque, has said there’s room for adjustments in ...